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Elliott waves analysis

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

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Elliott waves analysis

13 - 17 March	weekly forecast 13 - 17 March Gold, Silver, crude oil Weekly review Gold Weekly Review: Wave Analysis: During the previous trading week ending March 10th 2017, the outer corrective wave (b) traded a bit higher than expected and even went above 1221 but has currently retraced below it. As long as the commodity remains below this level we expect a possible impu More
2017	EURUSD	GBPUSD	USDJPY
17 March	Bulls still in control Wave Analysis: As expected, Euro rebounded perfectly from the support level 1.0710, headed massively long and even broke above the resistance level 1.0746. This level,1.0746, acted a key retracement between 7th and 9th of February 2017, thus, as long as the pair remains above this level, we expect More	We're still long Wave Analysis: Despite the bearish engulfing candle seen yesterday at 08:00, the cable traded relentlessly to the upper side and even broke above a key retracement level 1.2395. This pair is in an overall uptrend, thus, we're only interested in signals pointing to the upper side. With that said, we More	US Dollar consolidating below 113.6 Wave Analysis: Instead of continuing short following the break below 113.64, the US Dollar continues to consolidate below 113.6 but is still pretty much bearish both on the daily and the weekly charts. Although we expect further bearish momentum, we choose to sit on the sidelines momentarily and wa More
16 March	Bulls back in control	The cable rallying around 1.2293	We're short
15 March	We're flat momentarily	Waiting to sell from 1.2184	US Dollar again below 114.85
14 March	Euro retracing but should not go beyond 1.06201	Looking to buy the cable upon a clear rebound from 1.2193	Looking for a clear sell signals to go short towards 113.68
13 March	Bulls still in control	The Cable preparing to continue short	Bears gaining momentum

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Elliott waves analysis

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